Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - OMNOVA SOLUTIONS INC | omn-02292016xex311.htm |
| EX-32.1 - EXHIBIT 32.1 - OMNOVA SOLUTIONS INC | omn-02292016xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - OMNOVA SOLUTIONS INC | omn-02292016xex312.htm |
| 10-Q - 10-Q - OMNOVA SOLUTIONS INC | omn-0229201610q.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
Three Months Ended February 29, | Year Ended November 30, | |||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||
Pre-tax (loss) income from continuing operations (a) | $ | (.8 | ) | $ | (21.1 | ) | $ | 11.7 | $ | 26.5 | $ | 36.9 | ||||
Adjustment for (income) loss from equity investees | — | — | — | — | — | |||||||||||
Pre-tax (loss) income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | $ | (.8 | ) | $ | (21.1 | ) | $ | 11.7 | $ | 26.5 | $ | 36.9 | ||||
Distributed income equity investees | — | — | — | — | ||||||||||||
Less: Capitalized interest | — | — | — | — | ||||||||||||
Amortization of interest previously capitalized | — | — | — | — | ||||||||||||
Adjusted pre-tax (loss) income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | $ | (.8 | ) | $ | (21.1 | ) | $ | 11.7 | $ | 26.5 | $ | 36.9 | ||||
Fixed Charges: | ||||||||||||||||
Interest expense | $ | 5.8 | $ | 28.3 | $ | 30.6 | $ | 29.6 | $ | 33.8 | ||||||
Interest capitalized during the period | — | — | 1.0 | — | — | |||||||||||
Amortization of debt issuance costs | .5 | 2.0 | 2.3 | 2.3 | 2.7 | |||||||||||
Imputed interest portion of rent expense | .4 | 1.7 | 2.3 | 2.2 | 1.4 | |||||||||||
Total Fixed Charges | $ | 6.7 | $ | 32.0 | $ | 36.2 | $ | 34.1 | $ | 37.9 | ||||||
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges | $ | 5.9 | $ | 10.9 | $ | 47.9 | $ | 60.6 | $ | 74.8 | ||||||
Ratio of Earnings to Fixed Charges | .9 | .3 | 1.3 | 1.8 | 2.0 | |||||||||||
a. | For the three months ended February 29, 2016, there was a deficiency in our earnings to cover the fixed charges of $6.7 million. |